Fallon Smith, citing a league source, reports that the Giants have an offer out to free agent RB Rashad Jennings.

According to Smith, Jennings is waiting on the Raiders to make a move.Scott Bair of CSN Bay Area reported Monday that the Raiders “remain a major player” for Jennings.

The Raiders have the cap space to make Jennings an offer he can’t refuse if they really wanted to retain him. Oakland reportedly has a one-year offer on the table for Darren McFadden as well, but it appears as though they prefer to retain Jennings.

Jennings, 29 later this month, had 733 rushing yards, averaged 4.5-yards per carry and scored six touchdowns in 2013. His performance last season left him ranked as the No. 21 overall running back, according to Pro Football Focus.